BTC Hardfork and why should you move your coins out of exchanges
BBT Carter walks you through a whiteboard session on what the BTC pending BTC hardfork means and why you should care about moving your coins off an exchange. A general breakdown on how private and public keys work and additional discussion related potential scenerios that could play out with BTCC's essential 'airdrop' insta 16.4m coin situation.
0:33 - Setup discussion on Hardfork
3:55 - Mechanics of the Hardfork
4:35 - Easy example of what the Hardfork means
5:10 - Why remove coins from exchange?
8:50 - What is BTCC? Why is it like an alt currency?
9:50 - No really, what is BTCC?
10:50 - Some quick Q&A about other alt coins/exchanges effected?
12:40 - More detail on how to move your coins to BTCC wallet
14:05 - Some of the speculation/scenarios around it
16:40 - Additional unique set of circumstances of BTCC
17:00 - Risk and math behind futures price and predictions, example of airdrop history
21:00 - Whats up with the mining moving to it?
23:40 - Basic math breakdown on why ViaBTC splitting off ; notional math exercise
29:30 - What about price equilibrium
30:40 - What's the value prop? Bitcoin/BTCC/Litecoin
31:38 - BBT Forecast on BTCC (Opinion)
34:30 - Deeper dive on Forecast on BTCC
36:00 - Final thoughts on the situation BTCC taking over? Nope
37:00 - Deeper dive on why BTCC not starting off on good foot (opinion)
39:12 - Q&A Starts
BTC Wallets:
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Armory Wallet - https://github.com/goatpig/BitcoinArmory/releases/download/v0.96/armory_0.96_win64.exe
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Big Up man, always a pleasure to watch your videos ;)
Excellent video (as always I must say). I like these non-building videos, hope to see more in the future. Keep up the great work!
Always fun to see you in front of a whiteboard. I discovered your channel with the mining cost breakdown video which is another whiteboard episode.
Looking forward to your take after the fact.
Cheers!
Thanks! It will take a bit for things to settle, will come down to people getting the BTCC wallet, moving their coins and seeing what the sell walls get established at.
I can't seem to find a link to a git of your multiminer, closest I got was this ( https://github.com/alon7/bbt-multiminer ) and in your video descriptions I find archives for megaupload and whatnot. Do you have a git repo of it?
Excellent informative video as always cleared a few things up for me. Keep it coming.
Great video @bitsbetrippin! Thanks a lot for your information, its really helpful what you are doing for this community.
I have a suggestion to make to you guys, that is to plan a schedule for this "type" of videos that are more related to the technology/markets side rather than Mining.
I have a mining rig of 6 GPUs and you guys helped me a lot with your content, however now that my mining equipment is running I feel the need to consume more information related to the this kind of videos rather than only mining focused ones. And you also rock on the "WhiteBoard"!
So my suggestion is for you to launch every week or 2 week (the schedule itself is not important is just for the folks to know what we can expect) a "White Board" video. It would also be interesting to see others opinions on this, so please comment!
Great suggestion! The summer months are extremely busy for us, however I am looking at hiring at least 1 or 2 people to help get the site the rest of the way finished and build more of a traditional schedule so folks know what to expect and when.
thanks for the tutorial. I think, after Aug.1, 2017, we will see a clear picture of what is to happen. And yes, you're right and most logical is to stay away from the exchanges for a bit for protection.
Great walk though!
Great video with the whiteboard. I have learned an enormous amount though the physical builds but these videos give us the behind the scenes understanding of the cryptosphere to be able to make the wisest use of the mining equipment. Thanks so much for the time you put into these videos.